E. Cohen & Company CPAs, Here Are Your Articles for Thursday, October 18, 2018
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Saved Articles

  • What To Do When You Get an Audit Notification

    You’ve opened the mail and your heart sinks. Your business just received an audit notification from the IRS. Click through to learn how to keep your cool and prepare for what happens next.

    Saved on 01-17-2019 - Remove
  • Is This Your Situation: Sorting Out Exempt vs. Nonexempt Employees

    Some employees have to be paid their hourly wage, or even more, if they put in extra time. Others are expected just to put in the extra time anyway. Click through for an introduction to the complex world of exempt vs. nonexempt employees.

    Saved on 01-17-2019 - Remove
  • Is This Your Situation: Trying to Maintain Internal Controls

    Are you familiar with internal controls? Do you understand whether they apply to your company? Click through for an introduction to internal controls and a discussion of why every company needs them.

    Saved on 06-11-2018 - Remove
  • How to Manage Your 529 Plan in 2018

    The cost of college keeps going up, and you need to become more proactive in how you save for it. Click through for some insights into how to save for higher education and how these methods fit into the new tax law.

    Saved on 06-11-2018 - Remove
  • What Are Capitalization and Safe Harbor?

    There are a lot of considerations when it comes to filing your annual taxes. Many business owners forget about subtle deduction issues, which may mean leaving money on the table. Click through to find out more about capitalization and safe harbor.

    Saved on 06-11-2018 - Remove
  • How to Prepare for a Business Valuation

    Just as running a successful business takes planning and disciplined effort, effective business valuation requires organization and attention to detail. Click through to learn how to get started.

    Saved on 06-11-2018 - Remove
  • Business Interruption Insurance: What It Is and How It Works

    Most business owners don't have interruption insurance, but that could be a critical mistake. Click through to see how the rising numbers of natural disasters may factor into today's decisions.

    Saved on 06-11-2018 - Remove
  • Don't Roll the Dice on Taxes and Gambling Income

    Gambling winnings are fully taxable and must be reported on your federal income tax return. Click through to see that it doesn’t matter what games you play -- you’re required to report all your gambling winnings and pay taxes.

    Saved on 06-13-2018 - Remove
  • Beyond Money: The Softer Side of M&A

    When two companies join together, whether it's a merger between equals or the purchase of a smaller entity, it's not just about the money. Click through for some insights into the softer side of M&A.

    Saved on 01-17-2019 - Remove
  • How to Prepare for a Business Valuation

    Just as running a successful business takes planning and disciplined effort, effective business valuation requires organization and attention to detail. Click through to learn how to get started.

    Saved on 06-18-2018 - Remove
  • Depreciation: Is It Right for You?

    Depreciation is a deduction from income tax that lets you recover the cost of property. Click through to see how the IRS allows for the wear and tear, deterioration or even obsolescence of items.

    Saved on 06-18-2018 - Remove
  • Small Business and Insurance: Know the Score

    There is no lack of options when it comes to insurance for your small business. Not every business needs every kind, but you should know what's available. Click through to get started thinking about business insurance.

    Saved on 06-18-2018 - Remove
  • Is This Your Situation: You Need an Audit for Financing

    You may not think your company needs to be audited, but a bank or venture capital firm may disagree. Click through to learn why you might need an audit to grow your company.

    Saved on 06-13-2018 - Remove
  • Know the Secrets Behind 'Miscellaneous Deductions'

    Tax breaks that don't fit into a particular category; what would you call them? Yup, that's what the IRS did -- miscellaneous deductions. Click through and see the one-hit wonders -- maybe you'll see a deduction you haven't considered yet.

    Saved on 06-13-2018 - Remove
  • 6 Retirement Mistakes to Avoid

    It's a "don't let this happen to you" situation: finding yourself nearing retirement with not enough money. Click through to learn about the mistakes you need to avoid.

    Saved on 06-13-2018 - Remove
  • Business Tax and Bad Debt

    Do you have a client or customer who won't pay? Even when all attempts to collect a bad debt have failed, the IRS may give you a break at filing time. Click through to see how to take that bad debt off your taxes.

    Saved on 01-18-2019 - Remove
  • What Does It Mean to Be a Fiduciary?

    You may have heard about arguments coming out of Wall Street and Washington regarding fiduciary standards and controversial changes in regulations. Click through to get the scoop about what it means to be a fiduciary.

    Saved on 06-13-2018 - Remove
  • Standard Mileage Rates for 2018 Are Up

    If you use your automobile for work, moving, or in service of a charity, the IRS may be giving you a small break in the new year. Click through for the annual adjustment to standard mileage rates.

    Saved on 06-13-2018 - Remove
  • Family Businesses and the Next Generation

    Having your children work in the family business is a great way to teach your kids about work ethic and money management, and to kick-start their retirement or college savings plan. Click through for tips on bringing your children into the family business.

    Saved on 06-13-2018 - Remove
  • What Is a Deferred Annuity -- and How Does It Work?

    An annuity contract that delays payments of income until you elect to receive the money is a deferred annuity. Click through to understand how it works and the important role it can play in estate planning.

    Saved on 06-13-2018 - Remove
  • The Inside Scoop on Bartering

    Could you be taxed on the work you did for your neighbor in exchange for some help from them? Click through to see some of the major misconceptions about bartering.

    Saved on 06-13-2018 - Remove
  • What's New With Mergers and Acquisitions?

    The Tax Cuts and Jobs Act (TCJA) has changed many facets of tax planning, including mergers and acquisitions (M&A). There are new wrinkles in the M&A process — and new opportunities. Click through for some insights into the new world of M&A.

    Saved on 06-13-2018 - Remove
  • What's Up with Socially Responsible Investing?

    Do you care if the money you invest is actually doing some good in the world? If so, socially responsible investing may be for you. Click through to learn how to ensure that your money is not invested against your values.

    Saved on 06-13-2018 - Remove
  • How to Manage the Home Office Deduction

    Many people work at home in the age of the telecommuter. Do you fall into that category? Have the rules changed? What are the limitations? Click through for an introduction to this valuable but complicated tax break.

    Saved on 01-18-2019 - Remove
  • Wage Garnishments: What You Need to Do

    It's a hassle for any payroll department: getting an official letter that you have to withhold part of an employee's salary, as ordered by a court. Click through to learn what you have to do when wages are being garnished.

    Saved on 06-13-2018 - Remove
  • Why Parents Should Contribute to Their Kids' Roth IRAs

    IRAs for your kids is an opportunity to teach them about saving money, to see firsthand how stocks work and to watch their own money grow. Click through to make your children into savers when they are young.

    Saved on 06-13-2018 - Remove
  • Gifts to Charity: Six Facts About Written Acknowledgments

    You contribute money or gifts to qualified organizations that are eligible to receive tax-deductible charitable contributions. Click through if you plan to claim a charitable deduction on your tax return.

    Saved on 06-13-2018 - Remove
  • Pass-Through Entities and the 20 Percent Tax Break

    Much talk has been made of the new 20 percent tax deduction for pass-through entities but, as with most tax laws, it can get very complicated very quickly. Click through to learn more, and find out if you're entitled to the break!

    Saved on 06-13-2018 - Remove
  • Keep Your Homeowners Insurance Current

    Homeowners insurance isn't about buying it once and then forgetting about it. You have to repeatedly check it to make sure you're fully protected. Click through to learn how to stay current with your insurance.

    Saved on 06-13-2018 - Remove
  • IRS Updates Its Per Diem Rates

    Every year the IRS issues revised per diem rates for taxpayers, covering ordinary and necessary business expenses incurred while traveling away from home. Click through for the recently published 2017-2018 rates.

    Saved on 06-13-2018 - Remove
  • How to Prevent and Address Sexual Harassment in Your Company

    It's every company's responsibility to have a safe and harassment-free workplace. Click through to discover how to develop a robust business environment to prevent and address sexual harassment cases.

    Saved on 06-13-2018 - Remove
  • What is D&O Insurance -- and Who Needs It?

    Directors and officers (D&O) liability insurance helps cover costs arising from legal actions brought against an organization's officers or board of directors. Click through to see if it's something you need.

    Saved on 06-13-2018 - Remove
  • The Adaptable SEP IRA: How It Can Work for You

    There are a lot of options for company-sponsored retirement plans, and for many, the SEP IRA may be the right choice. Click through for more details on how this plan works and why it may be just what your employees want.

    Saved on 06-13-2018 - Remove
  • What's the Deal on Estimated Taxes?

    If you're self-employed or have income other than a salary, you may need to pay estimated taxes to square your tax bill throughout the year. Click through to see whether you need to make estimated tax payments every quarter.

    Saved on 06-13-2018 - Remove
  • Social Security Administration Corrects Its Taxable Amount

    In a rare move, the SSA has adjusted its already released 2018 ceiling figure. Some individuals may see minor changes in their pay, and companies will have to revise their numbers starting in 2018. Click through for the full story.

    Saved on 06-13-2018 - Remove
  • How the New Tax Law Affects Housing

    Of the many changes in the new tax law, few are more controversial, or wide-ranging, than the provisions that modify the deductions available to homeowners. Click through for a sense of how these may affect you.

    Saved on 06-13-2018 - Remove
  • Get a Tax Break From Past-year Losses

    There are many tax breaks out there, but some of them are a little harder to unearth than others. If you've had a year when deductions exceeded income, you may be entitled to a refund. Click through for an intro to the complex rules surrounding net operating losses.

    Saved on 06-13-2018 - Remove
  • Adult Children and Filial Responsibility Laws

    In some jurisdictions, special laws may require adult children to contribute to their parents' care if Medicare isn't yet applicable. But federal rules may actual block their enforcement. Click through to learn more about filial responsibility.

    Saved on 06-13-2018 - Remove
  • Social Security and Pensions: Post-Divorce Divisions

    Dividing assets after a marriage ends is never an easy proposition, and it can be especially difficult when Social Security and pensions are added to the mix. Click through for some insights into dividing these benefits.

    Saved on 06-13-2018 - Remove
  • What to Do When Debts Survive Death

    People die, but their debts survive them, and in the weeks after someone dies, the bills will keep rolling in. How are these handled? Click through for some guidelines in making sure the decedent's financial obligations are fulfilled.

    Saved on 06-13-2018 - Remove
  • Are New Sick Leave Rules Coming to Your Area?

    What seems like the mundane world of paid-time-off and sick-leave policies is receiving attention in the form of new regulations. Click through for some new rules in Chicago and Cook County -- they may come to your area next.

    Saved on 06-13-2018 - Remove
  • Toward a Better Credit Score

    Good credit is helpful, even essential, for a successful financial life. The best advice for improving credit is to manage it responsibly over time. Click through for an introduction to the care and maintenance of your credit.

    Saved on 06-13-2018 - Remove
  • How to Avoid Financial Scams

    Con games are like weeds: They come back every year. But sometimes they can be hard to recognize, because the fraudsters get better at disguising them. Click through to learn the basics of financial scams and how to avoid them.

    Saved on 06-13-2018 - Remove
  • Local Entertainment And Events Calendar

    You'll always know where the fun's going on with our interactive local events calendar featuring social sharing, images, videos and ticket links. Click through to see what's happening or to add your own local events.

    Saved on 06-13-2018 - Remove
  • Yes, Home Equity Loans May Still Be Deductible

    Interest on home equity loans and similar products still can be deducted under the new tax law, says the IRS, even though early readings of the law suggested otherwise. Click through to see how you may still be able to claim a deduction.

    Saved on 06-13-2018 - Remove
  • New Rules for the Individual AMT

    The alternative minimum tax has long been a confusing thorn in the side of many taxpayers. Many hoped the tax reform law would end it, but it's still with us, although the provisions have changed. Click through to see how the AMT might affect you.

    Saved on 06-13-2018 - Remove
  • The Ins and Outs of the Earned Income Tax Credit for 2018

    The EITC can be a powerful hand up for working people with low incomes, but the details are often misunderstood. Click through for the provisions of this important credit and a chart with the latest numbers.

    Saved on 06-13-2018 - Remove
  • Bracket Changes and More From the IRS

    Washington is abuzz with talk of tax reform, although there's no certainty what, if anything, will happen. But the IRS is proceeding, for now, as if 2018 will be business as usual. Click through for bracket and deduction changes.

    Saved on 06-13-2018 - Remove
  • Thinking Ahead: Estate Planning If You're Under 40

    Estate planning isn't just for the elderly. Indeed, the younger you start, the more likely it is you'll have a good outcome. Click through to learn about estate planning when you're still young.

    Saved on 06-13-2018 - Remove
  • What Is the Kiddie Tax, and How Should You Address It?

    Ever think you could reduce your taxes by shifting investments over to your children? The government is wise to you. Click through to see how the kiddie tax was designed to discourage this.

    Saved on 06-13-2018 - Remove
  • Handling Employees Across State Lines

    When you have employees who live in one state and work in another, things can get a bit tricky. Click through to learn the basic rule -- you generally pay taxes in the state where your team works, but it can get complicated.

    Saved on 06-13-2018 - Remove
  • Are You Giving Your Taxes Year-round Attention?

    Giving your taxes your full attention just once a year isn’t the best business strategy. Experts suggest that a year-round approach is better for your finances. Click through to learn the best ways to evaluate the impact of taxes throughout the year.

    Saved on 06-13-2018 - Remove
  • Know the Ins and Outs of Joint Tenancy

    It can be a great way to own property, helping owners avoid probate and spreading both risk and reward. But there are some pitfalls and it isn't for everyone. Click through for the key points of joint tenancy.

    Saved on 06-13-2018 - Remove
  • How Do You Handle Sales Tax?

    Does your company need to collect sales tax on purchases made in and out of state? If you’re not already familiar with this process, it can seem complicated. Click through to better understand the basics of sales tax for your products.

    Saved on 06-13-2018 - Remove
  • Is This Your Situation: Selling a Small Family-Owned Business

    You're selling your family-owned business, but you aren't comfortable with all the financial implications. What are your responsibilities? Click through for an introduction to taking the next steps.

    Saved on 06-13-2018 - Remove
  • Tips to Improve Company Morale

    Can low morale ultimately hinder your business from reaching its goals? Click through for simple and creative approaches to strengthen employee engagement.

    Saved on 06-13-2018 - Remove
  • Special Report: Exempt Versus Nonexempt Employees

    Special Report: Exempt Versus Nonexempt Employees

    Saved on 06-13-2018 - Remove
  • How Do You Handle Multistate Taxes?

    No matter where your company is headquartered, there's a good chance you conduct business across other state borders. How do taxes work in this situation? Click through to learn about multistate taxes and how to ensure that your business is compliant.

    Saved on 01-18-2019 - Remove
  • What Is the EITC -- and Does It Affect You?

    The earned income tax credit subsidizes low-income working families. It can be complicated, and many don't know how it works or whether recent tax reform changed it. Click through for the latest word on the EITC.

    Saved on 01-18-2019 - Remove
  • What Every Employer Must Know About State Unemployment Tax

    The vast majority of employers in the United States must pay state unemployment tax, the collection of which is authorized by the State Unemployment Tax Act (SUTA). Click through to learn more about SUTA and what it means for your business.

    Saved on 01-18-2019 - Remove
  • Portability: Sharing the Estate Tax Exemption

    Portability is a generous estate and gift tax break for married couples. Click through to learn how portability can allow spouses to pass substantial assets to heirs free of estate tax.

    Saved on 06-14-2018 - Remove
  • Beware the Taxes of Self-Employment

    You're self-employed if you're in business for yourself -- including a part-time business. That means you're also your own tax manager! Click through for a brief run-through of your tax obligations.

    Saved on 01-18-2019 - Remove
  • Save on Taxes With a Qualified Personal Residence Trust

    A QPRT is a subtle and highly effective estate planning tool, if you know how to use it correctly. Click through to learn how a QPRT works and whether it might be right for you.

    Saved on 01-19-2019 - Remove
  • How You Can Keep Your Finances in Order Year-Round

    Most of us don't get our finances in order until a life event is imminent — an upcoming wedding, the birth of a baby, a divorce, a financial audit or a natural disaster. Click through to get organized with a 10-step plan.

    Saved on 01-19-2019 - Remove
  • Passwords: Making Them Hard to Crack

    Consider all the passwords you use, in your personal and business lives. Passwords secure all the resources on your computer and phone -- your email and important online accounts. Click through to learn how to choose strong passwords.

    Saved on 01-19-2019 - Remove
  • How Do 125 Plans and HSAs Work Together?

    You want to choose employee benefit offerings so you can help your workers save money while at the same time you strengthen their loyalty to your business. Click through to see how Section 125 plans can work with HSAs.

    Saved on 01-19-2019 - Remove
  • What You Need to Know About Form W-2c

    It's best to avoid Form W-2 errors. But when they do happen, you should know how to fix them. Click through for insight into Form W-2c, which is used to rectify W-2 mistakes, and instructions on when it's necessary.

    Saved on 01-20-2019 - Remove
  • Is a Franchise the Right Move for You?

    At one time or another, almost everyone daydreams about owning their own business. With a franchise, you can be your own boss, with the backing of an established company. Click through for an intro to this business model.

    Saved on 01-20-2019 - Remove
  • What to Know About Tax Scams

    Sure as the night follows the day, come tax season, so follow tax scams. Click through for some information on how to avoid the three major categories: fraudulent returns, phones scams and phishing.

    Saved on 01-20-2019 - Remove
  • What to Know About Private Tax Debt Collection

    The IRS is hiring private debt collectors for the hard cases -- those who haven't responded to other attempts to collect back taxes. Click through to find out what this means for you and how to protect yourself.

    Saved on 06-18-2018 - Remove
  • Are Annuities Right for You?

    Annuities are well-known financial products designed to fund a retirement. How do they work? And are they right for you? Click through to get the basics to help you decide if they fit into your financial plan.

    Saved on 01-20-2019 - Remove
  • Hobby vs. Business: What's the Difference to the IRS?

    It's an old tax question, but the answers don't get any easier: what is the difference between a hobby and a business? It's a subtle point, but an important one. Click through for insights into IRS guidance.

    Saved on 01-21-2019 - Remove
  • Special Report: How to Manage Cash Flow

    Special Report: How to Manage Cash Flow

    Saved on 01-21-2019 - Remove
  • Challenging the IRS's Valuation of Your Company

    Experts say that the average business owner grossly underestimates the value of a business. Click through to discover how to anticipate IRS challenges and shoot back with your own valuation data.

    Saved on 01-21-2019 - Remove
  • Small Business Retirement Plans: An Embarrassment of Riches

    Do you think the standard 401(k) plan is the only game in town? It can be an awkward and expensive option for many small businesses. Click through to learn about some great options just right for you.

    Saved on 06-19-2018 - Remove
  • Child and Dependent Care Credit

    You may be able to claim child and dependent care credit, which can put a lot of extra money into your pocket. But the rules can be complicated. Click through to help determine whether you might be eligible.

    Saved on 01-21-2019 - Remove
  • Do You Need to Hire a Business Consultant?

    Feel like you could use some advice? Sometimes, an outside expert can give you a fresh perspective on the management of your company. Click through to learn about cost-effective ways to leverage a business consultant.

    Saved on 01-21-2019 - Remove
  • The Latest Fraud Problem: Synthetic Identities

    The most common form of identity theft these days is synthetic identity theft. If that sounds ominous to you, you're right to be scared. Click through to find out about this new twist on fraud and how to spot it.

    Saved on 01-21-2019 - Remove
  • Steps to Choosing a Charity

    These days, you want to donate with your head as well as your heart, making sure a charity is legitimate, well-run and aligned with your values. Click through to learn how to effectively make a charity a worthwhile part of your legacy.

    Saved on 01-21-2019 - Remove
  • Should You Honor All W-4 Requests?

    Employees' W-4 forms show what they want withheld from their paychecks. It's their responsibility to complete the forms, but do you have to accept each form no matter what? Click through for some insights into your responsibilities.

    Saved on 01-21-2019 - Remove
  • Thinking Compliance: Staying on the Straight and Narrow

    If you're like most business managers, you're thinking about sales and market share. But compliance, especially for those in finance industries, should be a high priority too. Click through for some thought on compliance.

    Saved on 06-20-2018 - Remove
  • How Much of a Raise Should You Give?

    If you have good employees, how do you compensate them for their work? Click through for tips on how to give raises based on market averages while making sure your best people feel appreciated each and every payday.

    Saved on 06-20-2018 - Remove
  • What Is FATCA and How Does It Affect You?

    A powerful and controversial financial law, FATCA is designed to help the U.S. government track down tax evaders throughout the world. What does it mean to you? Click through for an introduction to FATCA.

    Saved on 06-20-2018 - Remove
  • 5 Steps to the Successful Multi-Office Business

    Your company is expanding -- and that's great! You've grown from one office to two, three, or even more. But you need to be able to manage all of them to continue to grow. Click through for some help in multi-office management.

    Saved on 06-20-2018 - Remove
  • Have Service Employees? Here's How to Use the Tip Credit

    If you're in the service industry, you may be able to claim the tip credit, which reduces your minimum wage obligations toward tipped employees. Click through for a closer look at the tip credit.

    Saved on 06-20-2018 - Remove
  • Inherited IRAs: Not Safe From Creditors

    IRAs have many advantages, including legal protection from creditors when the owner files for bankruptcy. But there's a chink in the armor. Click through to learn about how the situation may be different with inherited IRAs.

    Saved on 06-20-2018 - Remove
  • How to Challenge Property Taxes

    One thing all homeowners can agree on: Complaining about property taxes is one of their favorite pastimes. However, you may be able to actually do something about high taxes. Click through to learn how to appeal your property taxes.

    Saved on 06-20-2018 - Remove
  • Is This Your Situation: Confused About Choosing Accounting Software

    When selecting accounting software, you have several options. How can you choose the best option for your business? Click through for some tips on getting started.

    Saved on 06-20-2018 - Remove
  • Is This Your Situation: Trying to Figure Out Capital Gains

    It is likely that you have heard of "capital gains" and the associated tax implications, but do you understand how they may affect your taxable income? Click through for an introduction to this essential investing topic.

    Saved on 06-20-2018 - Remove
  • Lending Money to Grown Children: Good Idea?

    You may have skipped economics classes in school, but odds are almost even that you someday will be a banker for your adult children. Click through for some tips on protecting both your bank account and your family relationships.

    Saved on 06-20-2018 - Remove
  • How to Pick Insurance Deductibles

    High premiums for low deductibles? It can be a hard decision, and sometimes it might feel like a gamble. You need to understand the full picture. Click through to educate yourself on why one type of plan might be more suitable than another.

    Saved on 06-20-2018 - Remove
  • What Is an Offer in Compromise with the IRS?

    To resolve IRS debt, should an offer in compromise be the right next step? What are the advantages? Click through to peruse the many factors to consider before attempting to settle with the IRS.

    Saved on 06-20-2018 - Remove
  • Is This Your Situation: Continually Worrying About Accounting

    A lot goes into running a small business. You started it because you’re good at what you do. But what about those administrative duties that aren’t your strength? Click through to learn more about the tasks an outsourced accountant can handle on your behalf.

    Saved on 06-20-2018 - Remove
  • How OSHA Can Affect Your Business

    No matter what kind of business you run, you have to know something about OSHA, which oversees workplace safety. Click through for some insights into how OSHA works and why you need to be familiar with its rules.

    Saved on 06-20-2018 - Remove
  • Business Valuation: How to Choose

    You realize you need a business valuation, but how do you find someone who can help you? Click through for an introduction to some well-known valuation designations.

    Saved on 01-21-2019 - Remove
  • Is This Your Situation: You Want a Better Tax Outcome This Year

    You hate writing checks to the Internal Revenue Service on April 15. But what can you do now to trim this year’s tax bill? Click through for some strategies to limit your tax obligations and reduce the chance of an unpleasant surprise.

    Saved on 01-21-2019 - Remove
  • All About Finding a Financial Planner

    When it comes to choosing a financial planner, there are a bewildering array of choices. How do you know who is right for you? How do you know who is competent? Click through for an introduction to finding someone right for you.

    Saved on 01-21-2019 - Remove
  • What to Do After a Hurricane

    Did you just get through hurricane? Do you know someone who did? Now comes the time to rebuild and repair homes, businesses and communities. Click through for a helping hand to get you -- or your friends and family -- through the coming weeks.

    Saved on 01-22-2019 - Remove
  • Why Is Padding Your Tax Deductions a Risky Proposition?

    Everyone does it, right? Padding your tax deductions may not seem like you're playing a game of Russian roulette, but the risk can be substantial. Click through to learn more about padding deductions and better solutions for your business.

    Saved on 06-20-2018 - Remove
  • Tip-based Businesses: Know the Rules

    If you're running a business where gratuities are a major part of your employees' pay, you need to know the regulations. Click Full Article below for a quick introduction to make sure you and your staff are compliant.

    Saved on 06-20-2018 - Remove
  • How Does the ADA Work?

    The Americans with Disabilities Act is a federal law that prohibits employers from discriminating against a qualified person who has a disability. Click through to discover what's meant by the ADA's call for reasonable accommodations and who decides what's reasonable.

    Saved on 06-20-2018 - Remove
  • Surviving the Personal Tax Audit

    It's the fear of every taxpayer and a staple subject of comedians and TV shows: the tax audit. But you can make it go a lot more smoothly, and increase the odds of a good outcome, if you are well-prepared.

    Saved on 06-20-2018 - Remove
  • What's the Story on Tariffs?

    Tariffs have been in the news recently. What exactly are they? Tariffs are import taxes the government imposes, like a sales tax, on goods. Click through to see how and why governments impose tariffs.

    Saved on 01-22-2019 - Remove
  • Medicaid Trusts: Key for Long-Term Medical Planning

    Is it possible to protect your estate and still qualify for Medicaid? Yes it is, with the right kind of trusts. Click through to learn about the different kinds of Medicaid trusts and how they might be able to help you.

    Saved on 01-22-2019 - Remove
  • Understanding Your Payroll Tax Liabilities

    Although the payroll taxes you’re liable for as an employer may seem obvious, some taxes are not so easy to identify. Click through to learn the common and not-so-common employer payroll taxes, including associated liabilities.

    Saved on 06-21-2018 - Remove
  • Know the FMLA Notice Requirements

    To receive FMLA-protected leave, eligible employees must provide adequate notice to their employers. If they don't, the leave could be delayed or denied. Click through for details on FMLA notice requirements.

    Saved on 01-23-2019 - Remove
  • Umbrella Insurance: An Estate Planning Necessity

    Umbrella insurance is extra liability coverage if you're at risk of being sued for damages. Click through to learn how to protect yourself -- and your estate -- against libel, vandalism, slander and invasion of privacy.

    Saved on 01-24-2019 - Remove
  • Smart Practices to Ferret Out Fraud

    When you think about fighting fraud, you may consider hiring financial experts to help -- that's great, but it's not all! Click through to see why your first step should include everyday practices to discover whether your firm is experiencing fraud.

    Saved on 01-25-2019 - Remove
  • Check Your Withholding Now

    With so many recent changes, two-income families and people who work multiple jobs should check their withholding amount. Click through to see if you're withholding the right amount of tax from your paycheck.

    Saved on 01-25-2019 - Remove
  • What to Take Out of Employees' Paychecks

    Employers are ultimately responsible for withholding taxes from their employees' wages. Therefore, it's important to understand which payroll taxes your employees should pay. Click through to discover the many different types of employee payroll taxes.

    Saved on 01-25-2019 - Remove
  • Business Loss Deduction -- New Limit!

    A significant TCJA change affecting business owners is the new limit on deductions for pass-through business losses. For tax years beginning in 2018–2025, you can’t deduct an “excess business loss” in the current year. Click through for more details on this important change!

    Saved on 01-26-2019 - Remove
  • Is This Your Situation: Worried About Your Withholding

    The IRS has been sending out a stream of notices advising employees to check their tax withholding in the wake of the tax reform package passed late in 2017. Click through for some insights into what you should be doing.

    Saved on 01-26-2019 - Remove
  • Supreme Court Ruling on Online Sales Tax Sows More Confusion

    The Supreme Court has ruled that a company does not need to have a physical presence in a state to be subject to its sales tax. Click through to find out what this really means, and who is affected.

    Saved on 01-26-2019 - Remove
  • Is This Your Situation: Needing to Start Year-Round Tax Planning

    You never should wait until April to think about your taxes. Click through to learn all the ways year-round tax planning can save your business a lot of money.

    Saved on 06-30-2018 - Remove
  • Big Changes Coming to Form W-4 -- Maybe

    With little fanfare, the IRS has issued a new draft version of Form W-4, used for federal tax withholding. It will likely change before a final version is issued for 2019, but meanwhile, companies can get a sense of what kinds of changes may be coming.

    Saved on 06-30-2018 - Remove
  • The IRS Looks Into Executive Compliance

    The IRS is taking a special look at the tax situation surrounding executive compensation. This may sound simple, but there are a lot of complexities you need to know about. Click through for an introduction to the key issues.

    Saved on 01-26-2019 - Remove
  • How to Seek and Secure Investors for Your Business

    Searching for investors will require a substantial amount of your own effort, time, money and energy. Click through to wisely and mindfully work on pursuing investors to have a higher likelihood of reaching your goals.

    Saved on 01-27-2019 - Remove
  • The Financial Basics in the Realty Industry

    Real estate can be a fantastic employment option for those who want to set their own schedule and be their own boss. But there is a lot of financial planning to consider. Click through to learn some of the best financial planning strategies for Realtors.

    Saved on 01-27-2019 - Remove
  • Your House in a Trust: The Pros and Cons

    Trusts can solve a lot of estate planning problems, and you can even put your residence into one. There are a lot of advantages to doing this, but you need to know the details. Click through to get the scoop on a powerful estate planning technique.

    Saved on 01-27-2019 - Remove
  • Baby on the Way: Knowing All About Maternity and Paternity Leave

    There's a good chance you'll eventually have to deal with some kind of parental leave in your office, whether it involves an employee or employee spouse pregnancy, or an adoption. Click through for some insights in creating a policy.

    Saved on 01-27-2019 - Remove
  • Payroll Procedures for Commissioned Employees

    Paying commissioned employees can be a complex endeavor because other elements — such as salary, hourly wages and overtime — may be involved. Click through for payroll best practices for commissioned workers.

    Saved on 01-28-2019 - Remove
  • Bitcoin: What's Happening?

    Bitcoin, the digital currency, has been in the news a lot recently. What's it all about and how does it work? Is it something you should invest in? Click through for a quick review about this controversial financial product.

    Saved on 01-29-2019 - Remove
  • How to Handle Supplemental Wages

    Supplemental wages do not qualify as regular income and are subject to special withholding rules. Click through for an introduction to what items fit into this group, and how they should be taxed.

    Saved on 01-29-2019 - Remove
  • New IRS Guidance on State and Local Taxes

    The IRS is taking a look at the deductibility of state and local tax payments for federal income tax purposes in the wake of tax reform. Click through for a snapshot on what's happening with this complicated issue.

    Saved on 01-29-2019 - Remove
  • Key Guidance on Sec. 199A Deductions

    The Treasury Department and the IRS have issued final regulations and additional guidance on the qualified business income (QBI) deduction. Click through for additional insights into this popular, but complex, tax provision.

    Saved on 01-29-2019 - Remove
  • Opportunity Zone Funds--What We Know at January 2019

    Prepared by Venable LLP Attorneys, Walter Calvert and Elizabeth Stieff--This update is intended to provide guidance on the key topics to enable the reader to move forward with the implementation of Opportunity Zone Funds based on the Proposed Regulations issued by the IRS.  

    Saved on 01-29-2019 - Remove
  • Noncompete Agreements: What's the Deal?

    Noncompete agreements are designed to keep confidential business information safe, and in this infotech world, that's essential. Click through to find out exactly what these entail and what they mean for someone's future employment prospects.

    Saved on 01-29-2019 - Remove
  • Is This Your Situation: Getting Through Monthly and Yearend Closings

    The monthly close is tedious, but the work has to be done. You can make this task easier, however. Click through to learn how to simplify this important accounting function.

    Saved on 01-29-2019 - Remove
  • Don't Try This at Home: Frivolous Tax Arguments

    We'll be thinking about taxes again before you know it! Laws change, but one thing that doesn't vary is the IRS's view of bizarre excuses. Click through to learn about frivolous arguments the IRS has no patience for.

    Saved on 07-09-2018 - Remove
  • Take Advantage of the Small Business Administration

    What can the Small Business Administration do for your business? Probably more than you imagined! Click through for an introduction to the SBA and the many programs it offers to businesses like yours.

    Saved on 07-09-2018 - Remove
  • Qualified Retirement Plans: Know the Rules

    Periodically, the Internal Revenue Service issues a notice describing changes in its qualification requirements for retirement plans, including deadlines. Are you up to date? Click through to see the list of required amendments.

    Saved on 01-31-2019 - Remove
  • The 4 QuickBooks Reports Small Business Owners Need

    Yes, QuickBooks takes charge of your data, but the real value is in the reports the program generates from all that information. Click through for insights into the key reports and how they can help you.

    Saved on 01-31-2019 - Remove
  • Abusive Tax Shelters: Know the Score

    No one likes paying taxes, and we look for ways to minimize our tax bills. But if you're too aggressive, you can step over the line from tax avoidance to tax evasion. Click through to learn the difference.

    Saved on 01-31-2019 - Remove
  • How to Handle Bad Debt and Taxes

    It's a problem almost every business has to face at some point: how to handle bad debt. Fortunately, the IRS may be able to give you a break. Click through for some help in taking care of this.

    Saved on 02-01-2019 - Remove
  • ACA Affordability Threshold to Rise in 2019

    One of the main requirements of the Affordable Care Act's employer mandate is that health coverage must be affordable, based on annual standards set by the IRS. Click through for the details on the 2019 increase for one of those standards.

    Saved on 02-02-2019 - Remove
  • Is This Your Situation: Having Trouble Understanding Partnership Taxation

    Lawyers have a lot to worry about when running their law firm. But the last thing that should be a burden is accounting and taxes. Click through for information about the partnership taxation process as well as basic background and tips for how to handle it.  

    Saved on 02-06-2019 - Remove
  • What Is the Path to Profitability?

    Are you concerned about your profitability? Sometimes you have to look in new directions to improve your business. Click through for some insights into the analysis you should be doing to take your business to the next level.

    Saved on 02-06-2019 - Remove
  • Is a 1031 Exchange Right for You?

    A properly structured Section 1031 exchange allows an investor to sell a property, reinvest the proceeds in a new property and defer the tax on the potential gain from the sale. Click through to see the impact of tax reform on 1031 exchanges.

    Saved on 02-06-2019 - Remove
  • Effects of Reciprocal Agreements on Your Business

    Do you have employees who live in one state but work in another? If so, they probably are covered by a state reciprocal agreement, which eliminates dual taxation. Click through to learn more about tax reciprocal agreements.

    Saved on 07-21-2018 - Remove
  • Moving and Mileage: Roundup of TCJA Changes

    The new year brings a suspension of moving expenses, but higher depreciation limits for cars, trucks and vans. Click through for IRS information on tax reform changes to expenses for moving, mileage and travel.

    Saved on 07-21-2018 - Remove
  • Gather All Your Papers for Taxes

    Don't find yourself frantically searching for information you need to file your tax return at the last minute. Click through to reduce filing difficulties and possibly your tax bill by knowing what documents to have at your fingertips.

    Saved on 02-08-2019 - Remove
  • How to Handle Disagreements with the IRS

    Even if you're mired in the tax audit process, the IRS doesn't have all the power. You have options when faced with disagreements with your IRS examiner. Click through for a look into the process and your options.

    Saved on 09-11-2019 - Remove
  • 6 Key Facts About Excise Taxes

    Everyone knows about income taxes and sales taxes, but we tend to forget about excise taxes, because they're not obvious. Click through for an introduction to this important class of taxes, and see what's changed.

    Saved on 02-12-2019 - Remove
  • Payroll Cards: Know the Full Story

    Despite being a viable option for unbanked employees, payroll cards have garnered a controversial reputation, largely due to concerns over fees and compliance. Click through for answers to frequently asked questions about payroll cards.

    Saved on 02-12-2019 - Remove
  • What to Know About the SEP-IRA

    Small businesses and self-employed workers can use SEP-IRAs to help save for retirement. They're powerful and flexible plans that many don't even know about. Click through to find out how one might work for you.

    Saved on 02-13-2019 - Remove
  • Is This Your Situation: Bestowing Property in Different States

    You want to keep your estate in order, so when it comes your time to go, your heirs can inherit your property easily. But if the property is located in different states, there could be some issues. Click through to know what the deal is.

    Saved on 10-09-2018 - Remove
  • A Tax Essential: the Percentage-Withholding Method

    The IRS has developed multiple methods that employers may use to withhold federal income tax from employees' wages. One of those methods is done on a percentage basis. Click through for insights into the percentage-withholding formula.

    Saved on 10-09-2018 - Remove
  • Is Your Homeowners Insurance Up-to-Date?

    You bought homeowners insurance when you bought your home, but then you probably forgot about it except for the bills, and that's a mistake. Click through to learn why you should continually review your insurance.

    Saved on 02-17-2019 - Remove
  • Identity Theft: Stay Safe With Your Taxes

    Imagine being the victim of a tax-related identity theft, and then you find out that the perpetrator claims a fraudulent refund. Click through to learn how the IRS is battling this problem to keep you safe.

    Saved on 02-19-2019 - Remove
  • How to Work With OSHA After an Accident

    During the normal course of business, an employee may get sick or hurt -- at which point, you may need to complete OSHA Form 300. Click through for frequently asked questions about this form.

    Saved on 01-11-2019 - Remove
  • Medical and Dental Expenses: What Can You Deduct?

    Yes, the tax code gives you some deductions for medical and dental expenses, but the rules can get complicated. Click through for an intro to this key deduction, to help figure out where the IRS draws the line.

    Saved on 01-11-2019 - Remove
  • Tax Reform Expands ABLE Accounts, Saver's Credit

    The tax reform provisions introduced at the end of 2017 contained some provisions for the disabled, which allow them to put away more money in their ABLE accounts. Click through for the details on the more flexible arrangements.

    Saved on 01-16-2019 - Remove
  • Good Statements Get Good Loans

    Your ability to obtain a business loan will depend a lot on how prepared you are during your application process. Click through to learn how to improve your chances of getting the loan you need to grow.

    Saved on 01-16-2019 - Remove
  • New Standard Mileage Rates For 2019

    The Internal Revenue Service has issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

    Saved on 01-16-2019 - Remove
  • Basis: The Essential Tax and Investing Term

    Basis seems like a simple concept, but as with so many tax issues, it can become complicated quickly. This is especially true after recent tax reform. Click through for the story of what has, and has not, changed.

    Saved on 01-16-2019 - Remove
  • Long-Term Care Insurance: Something You Need?

    Long-term care can range from assistance with simple activities to skilled care provided by nurses and therapists. Is it right for you? Click through for more details and to discover the variety of coverage options.

    Saved on 01-16-2019 - Remove
  • Do You Have to File an Information Return?

    If you made or received a payment in a calendar year as a small business or self-employed individual, you most likely are required to file an information return to the IRS. Click through to learn what this means.

    Saved on 01-16-2019 - Remove
  • Handling Taxes for Employees Who Are Not Regular

    Taxes may be pretty straightforward for your year-round 9-5 employees. But what about those who are part-time? Or seasonal? There are special rules. Click through to learn how to handle taxes for this group.

    Saved on 01-16-2019 - Remove
  • How Does Crowdfunding Work?

    As an alternative source of finance, crowdfunding has huge potential to help startup businesses. Click through to learn how to grow faster and even test-market an idea or product without spending much money.

    Saved on 01-16-2019 - Remove
  • Alternative Minimum Tax -- What's It Like Today?

    The controversial alternative minimum tax has been around for years, even though politicians argue about it. Has it changed recently? Click through to see how the AMT may apply to you as we approach the next tax season.

    Saved on 01-16-2019 - Remove
  • Take Heed of New Guidance on Expenses and Depreciation

    Section 179 and related regs can be powerful tools for businesses. Tax reform added some new wrinkles for tax years beginning after 2017. Click through to make sure your business is taking advantage of the latest provisions.

    Saved on 01-16-2019 - Remove
  • Can You Still Deduct Meal Expenses?

    Tax reform passed at the end of 2017 made some important changes regarding the deductibility of meals. Some time-honored deductions are gone. Click through to see what's changed and what hasn't.

    Saved on 10-08-2019 - Remove
  • How to Launch a Business

    Are you planning to start your own business? You probably have a limited budget and need to watch every dime until you start turning a profit. Click through for some tips that can help you reach your goal.

    Saved on 09-29-2019 - Remove
  • Understanding Revenue Recognition

    If you enter into contracts with customers to transfer goods or services either domestically or internationally, you’ll be interested in clarifications from the Financial Accounting Standards Board. Click through for these essential financial accounting updates.

    Saved on 10-02-2019 - Remove
  • Federal Laws That Prohibit Job Discrimination

    Job discrimination has long been an issue, and the federal government has passed substantial legislation to address it. Are you fully in compliance? Click through for an annotated list of the major rules.

    Saved on 09-27-2019 - Remove
  • New Hire Reporting: Are You In Compliance?

    You've added a new member to the team or rehired an employee. You've done the onboarding and made sure the employee will receive all the necessary training. But have you performed new hire reporting? Click through for details on this essential step.

    Saved on 09-22-2019 - Remove
  • Tax Credit Offsets Retirement Plan Costs

    Thinking of starting a pension plan for your small-business employees? The federal government may help with the costs for companies that meet certain criteria. Click through to learn how to claim a tax credit for the startup costs.

    Saved on 09-20-2019 - Remove
  • 3 Steps to Giving a Raise

    You want to give deserving employees raises, to help ensure they stay with the company and to keep morale high. But how do you approach the task? Click through for insights into the process of deciding how much of a raise to give.

    Saved on 09-20-2019 - Remove
  • How to Face Your Life Insurance Choices

    There's no such thing as simple life insurance. To protect your loved ones, you have to sort through a bewildering array of choices. Click through for some insights into what's available, and what might be right for you.

    Saved on 09-20-2019 - Remove
  • What Is Tax-Efficient Investing?

    Investing solely because of a focus on taxes can be counterproductive, but taxation still has to be an important part of making investment decisions. Click through to gauge the role of losses, timing and selection of investments.

    Saved on 09-20-2019 - Remove
  • Audits, Reviews and Compilations: A Summary

    Timely, accurate and understandable financial statements are necessary to gauge how well your business has performed and to assess the strength of its financial position. Click through for an intro to levels of overview for these statements.

    Saved on 09-18-2019 - Remove
  • Do You Need a Spendthrift Trust?

    Experts can help you keep your money safe from creditors, but what about keeping it safe from the heirs themselves? Click through for an introduction to spendthrift trusts, a special estate planning tool for special situations.

    Saved on 09-22-2019 - Remove
  • Should You Establish Payable-on-Death Accounts?

    It's a little-known but very effective technique for leaving your money, and it doesn't require a lot of paperwork. Click through for the inside story on payable-on-death accounts, why they might be right for you, and what the drawbacks are.

    Saved on 09-13-2019 - Remove
  • Back Pay and Form W-2

    If you've paid an employee less than what he or she is due, it could come back to haunt you in the form of back wages. Click through to learn more about this type of pay, including its impact on Form W-2.

    Saved on 09-28-2019 - Remove
  • Special Report: Small-Business Hiring and Tax Credits

    In today's economy, you'll likely be pressured to offer higher wages and more benefits in order to attract and retain employees. Fortunately, there are some great tax credits to help you. Click through to learn which ones might be applicable to your business.

    Saved on 09-18-2019 - Remove
  • What to Do with An Inherited Mortgage

    We may assume that when we inherit property, as from elderly parents, the mortgage is long paid off. But that's not always the case. Click through for advice on how to handle inherited property when it has a mortgage.

    Saved on 09-25-2019 - Remove
  • Which Business Valuation Method Is Best?

    Businesses can be valued using several different methods. Each method weighs the relevant factors differently. Click through to read about the three most-used valuation methods, and learn which one might be best for you.

    Saved on 09-30-2019 - Remove
  • Living Wills -- and How to Use Them

    A living will is a legal document -- also called an advance health care directive -- that can make life immeasurably simpler for your loved ones. Click through for details on expressing how you'd like to be cared for if something happens to you.

    Saved on 09-13-2019 - Remove
  • Key Tax Issues for Small Businesses

    If you're running a small business, it's always tax season! In short, you don't want to scramble before each due date, and you certainly don't want any last-minute surprises. Click through for a primer on your small-business tax responsibilities.

    Saved on 09-18-2019 - Remove
  • Artificial Intelligence: Has It Come to Accounting?

    Artificial intelligence has been much in the headlines recently, often in the context of self-driving cars or robots. But will it change accounting and finance? Click through to see how AI is already affecting your life and business.

    Saved on 09-18-2019 - Remove
  • Develop a Succession Plan

    You need to take responsibility for your company and determine how potential risks and threats will impact the future of your business. Click through to safeguard your company with succession and continuity plans.

    Saved on 09-26-2019 - Remove
  • How to Handle Student Loans

    If you're like the great majority of students (or their parents), you might not have read all the fine print regarding how your student loans are structured or how repayment works. Click through to understand the inner workings of student loans.

    Saved on 10-07-2019 - Remove
  • Trusts: What You Need to Know

    A trust lets you distribute your assets to others, while minimizing estate, income and gift taxes. Trusts have scores of uses for a variety of families. Click through for a basic primer on this essential component of estate planning.

    Saved on 10-07-2019 - Remove
  • Padding Your Tax Deductions? The Consequences Are Serious

    It can be a seductive trap: adding an item here or there to reduce your taxes. But even aside from the morality, it's illegal, and the penalties are steep. Click through to learn about the consequences of lying on your return.

    Saved on 10-07-2019 - Remove
  • 8 Ways to Take Charge of Your Personal Finances

    Are you thrown into a panic with thoughts of student loans or other debt? Are you worried about your long-term finances? Click through to see how to take charge of your money and plan for a secure financial future.

    Saved on 10-07-2019 - Remove
  • Know the New Expensing Rules

    Tax reform laws changed various expensing rules, as the IRS explained in guidance updated at the end of 2018. Click through to make sure your business is in sync with the regs, so you're not leaving any money on the table.

    Saved on 10-07-2019 - Remove
  • Real Estate in Your IRA: A Good Idea?

    Many people want to invest in real estate. Why not do so within your IRA? It's possible, but there are a lot of restrictions. Click through to see how to do it, and decide if it's really worth all the risks.

    Saved on 10-07-2019 - Remove
  • D.C. Launches Paid Family Leave This Summer

    The District of Columbia and five states have established paid family leave systems. How do these systems work, and how are they funded? Click through for a quick overview of what may eventually become a national plan.

    Saved on 10-07-2019 - Remove
  • It's Never Too Early for Tax Planning

    Good tax planning is a year-round activity that requires knowing your options and keeping good records. Circumstances change. Even if you have used the standard deduction for the past several years, click through to learn why that may no longer be the right option for you.

    Saved on 09-13-2019 - Remove
  • The Dirty Dozen Tax Scams

    Tax season may be over, but tax scams are with us year-round. The IRS has issued a "Dirty Dozen" list of tax scams that may keep returning. Click through to learn how to recognize these and protect yourself.

    Saved on 09-18-2019 - Remove
  • What to Know About Pensions and Taxes

    When you start a pension, you can choose to have federal and state taxes withheld from your monthly checks. Click through to see that if you withhold enough taxes, you won't owe money when you file your tax return.

    Saved on 09-18-2019 - Remove
  • Employee Overpayment Can Lead to Problems

    You've overpaid an employee, causing the company a financial loss. Now you need to recoup the money. But there are important tax implications and some rules you have to follow. Click through to make sure you do it right.

    Saved on 09-18-2019 - Remove
  • Business Valuations: The IRS Angle

    Valuations can be essential to any business owner, but you have to take into account the government's interest in your company. Click through for some insights into how the IRS determines the value of your business.

    Saved on 09-21-2019 - Remove
  • 9 Important Facts About Schedule K-1

    Do you ever wonder about the accuracy of your Form 1065 or your Schedule K-1? You need to understand some basic facts before you use the information these forms contain to prepare your individual return. Click through to read more about these sometimes confusing filings.

    Saved on 10-10-2019 - Remove
  • Cybersecurity and the Importance of Data Privacy

    Ensuring that your business is in compliance with applicable laws and monitoring your data are equally important, but both tasks may be more difficult than they sound. Click through for tips on starting a sound cybersecurity program.

    Saved on 09-28-2019 - Remove
  • Just What Is Blockchain?

    It's the latest buzzword—everyone is getting into "blockchain." But what is it, really? In brief, it's a cunning system that allows the creation of digital ledgers in a secure and yet decentralized financial system. Click through for a peek at the magic.

    Saved on 10-09-2019 - Remove
  • The Top Financial Planning Mistakes

    Stay clear of economic difficulties by avoiding the most common financial mistakes individuals and families tend to make. Click through for an introduction to starting on the right financial path and staying there.

    Saved on 10-03-2019 - Remove
  • When and How Often to Review Trusts

    It's a common misconception that creating a trust is just a one-time event. In fact, there are many reasons you may want to change certain kinds of trusts. Click through for a discussion of how and when to review trusts.

    Saved on 10-01-2019 - Remove
  • Capital Gains, Losses and Sale of Home

    The IRS has issued some important new guidance on capital gains and property basis, especially as the rules apply to homes. There's a chance here to save on taxes. Click through for an intro to this key guidance.

    Saved on 10-01-2019 - Remove
  • Proper Reporting for QSEHRA Benefits

    If you offer a Qualified Small Employer Health Reimbursement Arrangement (QSEHRA), you must adhere to special reporting rules under IRS guidelines. Click through to see how this benefit should be handled for your employees.

    Saved on 10-07-2019 - Remove
  • IRAs: Know the Basics

    Individual retirement accounts are among the most popular retirement savings vehicles, but many people don't know much about them. Click through for insights into the different kinds of IRAs and how they work.

    Saved on 10-02-2019 - Remove
  • How Does Key Person Insurance Work?

    Are there employees who are crucial to your business? Would it damage you if they left? Click through to learn about key person insurance, so that your company survives losing an executive who makes your business work.

    Saved on 10-02-2019 - Remove
  • What Changes With the New Taxpayer First Act?

    Congress passed, and the president signed, an expansion of taxpayer rights. What does this new piece of legislation mean for the long term? Click through to find out what changes to expect from the IRS in the coming months.

    Saved on 09-27-2019 - Remove
  • Paying Extra: Guidance on the Overtime Exemption

    Did you know that you can pay your salaried-exempt employees extra without jeopardizing their exempt status? It's true. But for those paid on an hourly, daily or shift basis, you'll need to exercise caution. Click through for the DOL's opinion on this topic.

    Saved on 10-13-2019 - Remove
  • The Section 179 Deduction and the Bonus Deduction

    The Section 179 and bonus deductions are two powerful tools businesses can use for tax breaks. You need to understand not only how each one works but also what their differences are. Click through for insight into these useful but complex provisions.

    Saved on 10-14-2019 - Remove
  • The IRS and Private Tax Debt Collection

    As we head into tax season, taxpayers should know that the IRS continues to use several private collection agencies. How may this affect you? Click through for the details on how the program works and what your rights are.

    Saved on 03-27-2019 - Remove
  • Property Taxes: How Are They Calculated?

    Understanding how property taxes are calculated is critical to making sure the appropriate rate is charged. Click through to determine whether you're paying the lowest taxes possible and maximizing your returns.

    Saved on 03-27-2019 - Remove
  • All About Key Performance Indicators

    A key performance indicator, or KPI, is a measure of your performance against key business objectives. Used correctly, KPIs can help you manage your business. Click through to learn about the various levels of KPIs.

    Saved on 06-16-2019 - Remove
  • DAFs and More: Charitable Strategies

    Taxpayers are still coming to terms with the new tax landscape, especially when it comes to philanthropy. The charitably minded may want to consider new strategies. Click through for some insights and advice into charitable giving.

    Saved on 07-24-2019 - Remove
  • Avoid These Top Trust Problems

    You want to feel secure that any property placed in a trust is held according to its terms and for the benefit of the named party. Click through to avoid mistakes that can interfere and invalidate that simple transfer of property.

    Saved on 07-24-2019 - Remove
  • The Latest Rules on Charitable Donations

    With a much larger standard deduction in play, and lower marginal tax rates, the charitable giving world has changed. Has anything else changed? Click through for the latest IRS guidance on charitable giving.

    Saved on 08-08-2019 - Remove
  • QDIAs for Retirement Plans: Does Your Company Need Them?

    Having a qualified default investment alternative relieves you and plan fiduciaries of certain liabilities. Click through to enhance 401(k) plans by providing investments with potential for long-term growth regardless of how engaged employees are.

    Saved on 09-10-2019 - Remove
  • When Is a Child Truly a Dependent?

    When is your child a child, at least in the eyes of the IRS? To claim your child as your dependent, your child must meet either of two tests. Click through to learn what the tests are and whether you meet them.

    Saved on 09-10-2019 - Remove
  • When Employees Cross State Lines

    Even small companies can find themselves with employees who have to commute across state borders to work. This can make payroll difficult. Click through for an introduction to the complex tax rules.

    Saved on 09-10-2019 - Remove
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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